Late Neoclassical Economics

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Late Neoclassical Economics

Author : Yahya M. Madra
Publisher : Routledge
ISBN 13 : 1317813111
Total Pages : 218 pages
Book Rating : 4.3/5 (178 download)

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Book Synopsis Late Neoclassical Economics by : Yahya M. Madra

Download or read book Late Neoclassical Economics written by Yahya M. Madra and published by Routledge. This book was released on 2016-06-10 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several contemporary economic theories revolve around different concepts: market failures, institutions, transaction costs, information asymmetries, motivational diversity, cognitive limitations, strategic behaviors and evolutionary stability. In recent years, many economists have argued that the increase in circulation and mobilization of these new and heterogeneous concepts and their associated methodologies (e.g., experiments, evolutionary modelling, simulations) signify the death of neoclassical economics. Late Neoclassical Economics: The Restoration of Theoretical Humanism in Contemporary Economic Theory draws on the work of Louis Althusser, Michel Foucault and the Amherst School, to construct the concept of a self-transparent and self-conscious human subject (Homo economicus) as the theoretical humanist core of the neoclassical tradition. Instead of identifying the emergent heterogeneity as a break from neoclassicism, this book offers a careful genealogy of many of the new concepts and approaches - including evolutionary game theory, experimental economics and behavioural economics - and reads their elaboration as part of the restoration of the theoretical humanist core of the tradition. ‘Late neoclassical economics’ is therefore characterized as a collection of diverse approaches which have emerged in response to the drift towards structuralism. This book is suitable for those who study political economy, history of economic thought and philosophy of economics. The arguments put forward in this text will also resonate with anyone who is interested in the fate of the neoclassical tradition and the future of economic theory.

Late Neoclassical Economics

Author : Yahya M. Madra
Publisher : Routledge
ISBN 13 : 1317813103
Total Pages : 206 pages
Book Rating : 4.3/5 (178 download)

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Book Synopsis Late Neoclassical Economics by : Yahya M. Madra

Download or read book Late Neoclassical Economics written by Yahya M. Madra and published by Routledge. This book was released on 2016-06-10 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several contemporary economic theories revolve around different concepts: market failures, institutions, transaction costs, information asymmetries, motivational diversity, cognitive limitations, strategic behaviors and evolutionary stability. In recent years, many economists have argued that the increase in circulation and mobilization of these new and heterogeneous concepts and their associated methodologies (e.g., experiments, evolutionary modelling, simulations) signify the death of neoclassical economics. Late Neoclassical Economics: The Restoration of Theoretical Humanism in Contemporary Economic Theory draws on the work of Louis Althusser, Michel Foucault and the Amherst School, to construct the concept of a self-transparent and self-conscious human subject (Homo economicus) as the theoretical humanist core of the neoclassical tradition. Instead of identifying the emergent heterogeneity as a break from neoclassicism, this book offers a careful genealogy of many of the new concepts and approaches - including evolutionary game theory, experimental economics and behavioural economics - and reads their elaboration as part of the restoration of the theoretical humanist core of the tradition. ‘Late neoclassical economics’ is therefore characterized as a collection of diverse approaches which have emerged in response to the drift towards structuralism. This book is suitable for those who study political economy, history of economic thought and philosophy of economics. The arguments put forward in this text will also resonate with anyone who is interested in the fate of the neoclassical tradition and the future of economic theory.

Late Neoclassical Economics

Author : Yahya M. Madra
Publisher : New Political Economy
ISBN 13 : 9781138599345
Total Pages : 206 pages
Book Rating : 4.5/5 (993 download)

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Book Synopsis Late Neoclassical Economics by : Yahya M. Madra

Download or read book Late Neoclassical Economics written by Yahya M. Madra and published by New Political Economy. This book was released on 2018-04-27 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several contemporary economic theories revolve around different concepts: market failures, institutions, transaction costs, information asymmetries, motivational diversity, cognitive limitations, strategic behaviors and evolutionary stability. In recent years, many economists have argued that the increase in circulation and mobilization of these new and heterogeneous concepts and their associated methodologies (e.g., experiments, evolutionary modelling, simulations) signify the death of neoclassical economics. Late Neoclassical Economics: The Restoration of Theoretical Humanism in Contemporary Economic Theory draws on the work of Louis Althusser, Michel Foucault and the Amherst School, to construct the concept of a self-transparent and self-conscious human subject (Homo economicus) as the theoretical humanist core of the neoclassical tradition. Instead of identifying the emergent heterogeneity as a break from neoclassicism, this book offers a careful genealogy of many of the new concepts and approaches - including evolutionary game theory, experimental economics and behavioural economics - and reads their elaboration as part of the restoration of the theoretical humanist core of the tradition. 'Late neoclassical economics' is therefore characterized as a collection of diverse approaches which have emerged in response to the drift towards structuralism. This book is suitable for those who study political economy, history of economic thought and philosophy of economics. The arguments put forward in this text will also resonate with anyone who is interested in the fate of the neoclassical tradition and the future of economic theory.

Contending Economic Theories

Author : Richard D. Wolff
Publisher : MIT Press
ISBN 13 : 0262517833
Total Pages : 425 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Contending Economic Theories by : Richard D. Wolff

Download or read book Contending Economic Theories written by Richard D. Wolff and published by MIT Press. This book was released on 2012-09-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.

The Making of Neoclassical Economics

Author : John F. Henry
Publisher : Routledge
ISBN 13 : 0415618738
Total Pages : 288 pages
Book Rating : 4.4/5 (156 download)

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Book Synopsis The Making of Neoclassical Economics by : John F. Henry

Download or read book The Making of Neoclassical Economics written by John F. Henry and published by Routledge. This book was released on 2012-03-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1990, this unique explanation of the rise of neoclassical economics views social change as an engine promoting change in theory. It attempts to develop a theory of the origins, consolidation and rise to dominance of the neoclassical school of thought. In so doing, it addresses the contest between the labour and utility theories of value; both are placed in historical context, and reasons are offered for the relative success of each in particular historical periods. It is argued that the eventual dominance of neoclassicism, a theory based on the social changes then taking place, resulted not from its scientific superiority but from its non-social perspective which ignores the social order upon which it depends.

Neoclassical Economic Theory, 1870 to 1930

Author : Klaus Hennings
Publisher : Springer Science & Business Media
ISBN 13 : 9400921810
Total Pages : 290 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Neoclassical Economic Theory, 1870 to 1930 by : Klaus Hennings

Download or read book Neoclassical Economic Theory, 1870 to 1930 written by Klaus Hennings and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Warren J. Samuels Each book in this series explores the present status of its field in terms of where it is, how it got there, the existing tensions within the field, and something of how the field might develop in the future. Each book presumes that work in each field is neither settled nor unequivocal. Each book attempts to comprehend its field as an evolving, developmental process or set or efforts. This particular book, covering neoclassical economics, is the third of three in the field of the History of Economic Thought. The others are Pre-Classical Economic Thought, edited by S. Todd Lowry, and Classical Political Economy, edited by William O. Thweatt. Each one conducts the same kind of analysis as the others in the series, with the understanding that here we are dealing with the history of interpretation, rather than a substantive body of analysis of a certain aspect of the economy: for example, labor or international trade. (That understanding must be com plex and subtle, inasmuch as revision of interpretation of earlier ideas is part of the process-both cause and consequence-of re-analyzing the economy. ) In this group we are interested in how recent and contemporary writers have interpreted the history of economic thought differently, both among themselves and from earlier writers. 1 NEOCLASSICAL ECONOMIC lHEORY 2 Several topics must be discussed to place such work in perspective, in part as it is here applied to the history of the interpretation of neoclassical economics.

Neoclassical Microeconomic Theory

Author : Anthony Endres
Publisher : Routledge
ISBN 13 : 113474448X
Total Pages : 288 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Neoclassical Microeconomic Theory by : Anthony Endres

Download or read book Neoclassical Microeconomic Theory written by Anthony Endres and published by Routledge. This book was released on 2002-01-31 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carl Menger, Friedrich Wieser and Eugen Bohm-Bawerk are acknowledged as pioneers in the development of neoclassical economics, as well as being recognized as the founders of the Austrian School of Economics. Neoclassical Microeconomic Theory examines their contribution and compares it with the other branches of neoclassical economics that emerged between the 1870's and 1930's. The author begins by exploring the initial stimulus provided by Carl Menger's work, and then demonstrates how the views of Menger, Weiser and Bohm-Bawerk complement one another and the tensions exhibited between them: the scope and method of economics; theories of choice; price theory; competition; entrepreneurship; and capital formation and distribution.

Comparative Political Economy

Author : Georg Menz
Publisher : Oxford University Press
ISBN 13 : 0199579989
Total Pages : 337 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis Comparative Political Economy by : Georg Menz

Download or read book Comparative Political Economy written by Georg Menz and published by Oxford University Press. This book was released on 2017 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: A genealogy of the field from Adam smith to the mid-twentieth century -- Contemporary CPE : the turn towards comparative capitalisms and the relationship with IPE -- Varieties of capitalism and the next steps beyond -- Labour markets and their regulation : industrial relations and the organization of business and labour -- Models of finance and corporate governance and their implications -- The political economy of debt -- Welfare state models : taming the market? -- The state as an actor : not a neutral umpire -- Conclusion : future directions for comparative political economy

The Struggle over the Soul of Economics

Author : Yuval P. Yonay
Publisher : Princeton University Press
ISBN 13 : 1400822521
Total Pages : 305 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Struggle over the Soul of Economics by : Yuval P. Yonay

Download or read book The Struggle over the Soul of Economics written by Yuval P. Yonay and published by Princeton University Press. This book was released on 1998-05-11 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a surprising answer to two puzzling questions that relate to the very "soul" of the professional study of economics in the late twentieth century. How did the discipline of economics come to be dominated by an approach that is heavily dependent on mathematically derived models? And what happened to other approaches to the discipline that were considered to be scientifically viable less than fifty years ago? Between the two world wars there were two well-accepted schools of thought in economics: the "neoclassical," which emerged in the last third of the nineteenth century, and the "institutionalist," which started with the works of Veblen and Commons at the end of the same century. Although the contributions of the institutionalists are nearly forgotten now, Yuval Yonay shows that their legacy lingers in the study and practice of economics today. By reconsidering their impact and by analyzing the conflicts that arose between neoclassicists and institutionalists, Yonay brings to life a hidden chapter in the history of economics. The author is a sociologist of science who brings a unique perspective to economic history. By utilizing the actor-network approach of Bruno Latour and Michel Callon, he arrives at a deeper understanding of the nature of the changes that took place in the practice of economics. His analysis also illuminates a broader set of issues concerning the nature of scientific practice and the forces behind changes in scientific knowledge.

Contending Economic Theories

Author : Richard D. Wolff
Publisher : MIT Press
ISBN 13 : 0262304449
Total Pages : 425 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Contending Economic Theories by : Richard D. Wolff

After Adam Smith

Author : Murray Milgate
Publisher : Princeton University Press
ISBN 13 : 0691152349
Total Pages : 318 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis After Adam Smith by : Murray Milgate

Download or read book After Adam Smith written by Murray Milgate and published by Princeton University Press. This book was released on 2011-10-16 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'After Adam Smith' looks at how politics & political economy were articulated & altered in the century following the publication of Smith's 'Wealth of Nations'.

Complexity and the Economy

Author : W. Brian Arthur
Publisher : Oxford University Press, USA
ISBN 13 : 0199334293
Total Pages : 241 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Complexity and the Economy by : W. Brian Arthur

Download or read book Complexity and the Economy written by W. Brian Arthur and published by Oxford University Press, USA. This book was released on 2015 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.

Asia's Next Giant

Author : Alice Hoffenberg Amsden
Publisher : Oxford University Press, USA
ISBN 13 : 9780195076035
Total Pages : 400 pages
Book Rating : 4.0/5 (76 download)

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Book Synopsis Asia's Next Giant by : Alice Hoffenberg Amsden

Download or read book Asia's Next Giant written by Alice Hoffenberg Amsden and published by Oxford University Press, USA. This book was released on 1989 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.

Macroeconomics

Author : Merton H. Miller
Publisher : University of Chicago Press
ISBN 13 : 0226526232
Total Pages : 385 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis Macroeconomics by : Merton H. Miller

Download or read book Macroeconomics written by Merton H. Miller and published by University of Chicago Press. This book was released on 1986-10-15 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Miller and Upton is by far the most cited macroeconomics text in front line academic research journals over the last ten years. It has become a contemporary classic."—Roger C. Kormendi, University of Michigan "The most innovative approach to introducing macroeconomics that I have seen. . . . A 'classic' in the sense that every serious student of macroeconomics is likely to want it in his or her library."—John P. Gould, University of Chicago "The task the authors set out to perform is ambitious: to write a macroeconomics textbook structured around a neoclassical growth model. And in this task they have succeeded."—Clifford W. Smith, Jr., Journal of Finance "This is a superb book. As a vehicle for teaching economics I have to place it right behind Henderson and Quant (Microeconomics) and Dorfman, Samuelson, and Solow (Linear Programming). Moreover, it is an exciting book both to read and to think about. . . . It is not just that these authors have something to say, but their way of saying it is generally superior."—F. E. Banks, Kyklos

Handbook of Alternative Theories of Economic Development

Author : Erik S. Reinert
Publisher : Edward Elgar Publishing
ISBN 13 : 1782544682
Total Pages : 848 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Handbook of Alternative Theories of Economic Development by : Erik S. Reinert

Download or read book Handbook of Alternative Theories of Economic Development written by Erik S. Reinert and published by Edward Elgar Publishing. This book was released on 2016-09-28 with total page 848 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Alternative Theories of Economic Development explores the theories and approaches which, over a prolonged period of time, have existed as viable alternatives to today’s mainstream and neo-classical tenets. With a total of 40 specially commissioned chapters, written by the foremost authorities in their respective fields, this volume represents a landmark in the field of economic development. It elucidates the richness of the alternative and sometimes misunderstood ideas which, in different historical contexts, have proved to be vital to the improvement of the human condition. The subject matter is approached from several complementary perspectives. From a historical angle, the Handbook charts the mercantilist and cameralist theories that emerged from the Renaissance and developed further during the Enlightenment. From a geographical angle, it includes chapters on African, Chinese, Indian, and Muslim approaches to economic development. Different schools are also explored and discussed including nineteenth century US development theory, Marxist, Schumpeterian, Latin American structuralism, regulation theory and world systems theories of development. In addition, the Handbook has chapters on important events and institutions including The League of Nations, The Havana Charter, and UNCTAD, as well as on particularly influential development economists. Contemporary topics such as the role of finance, feminism, the agrarian issue, and ecology and the environment are also covered in depth. This comprehensive Handbook offers an unrivalled review and analysis of alternative and heterodox theories of economic development. It should be read by all serious scholars, teachers and students of development studies, and indeed anyone interested in alternatives to development orthodoxy.

Revolution Or Renaissance

Author : D. Paul Schafer
Publisher : University of Ottawa Press
ISBN 13 : 0776617737
Total Pages : 320 pages
Book Rating : 4.7/5 (766 download)

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Book Synopsis Revolution Or Renaissance by : D. Paul Schafer

Download or read book Revolution Or Renaissance written by D. Paul Schafer and published by University of Ottawa Press. This book was released on 2008-04-29 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Revolution or Renaissance, D. Paul Schafer subjects two of the most powerful forces in the world – economics and culture – to a detailed and historically sensitive analysis. He argues that the economic age has produced a great deal of wealth and unleashed tremendous productive power; however, it is not capable of coming to grips with the problems threatening human and non-human life on this planet. After tracing the evolution of the economic age from the publication of Adam Smith's The Wealth of Nations in 1776 to the present, he turns his attention to culture, examining it both as a concept and as a reality. What emerges is a portrait of the world system of the future where culture is the central focus of development. According to Schafer, making the transition from an economic age to a cultural age is imperative if global harmony, environmental sustainability, economic viability, and human well-being are to be achieved.

Meme Wars

Author : Kalle Lasn
Publisher : Seven Stories Press
ISBN 13 : 1609804333
Total Pages : 407 pages
Book Rating : 4.6/5 (98 download)

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Book Synopsis Meme Wars by : Kalle Lasn

Download or read book Meme Wars written by Kalle Lasn and published by Seven Stories Press. This book was released on 2013-01-15 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the editor and magazine that started and named the Occupy Wall Street movement, Meme Wars: The Creative Destruction of Neoclassical Economics is an articulation of what could be the next steps in rethinking and remaking our world that challenges and debunks many of the assumptions of neoclassical economics and brings to light a more ecological model. Meme Wars aims to accelerate the shift into this new paradigm that takes into account psychonomics, bionomics, and other aspects of our physical and mental environment that are often left out in discussions of economics. Like Adbusters, the book will be image heavy and full-color throughout. Lasn calls it "a textbook for the future" that provides the building blocks, in texts and visuals, for a new way of looking at and changing our world. Through an examination of alternative economies, Lasn hopes to spur students to become "barefoot economists" and to see that a humanization of economics is possible. Meme Wars will include contributions from Nobel Prize winner Joseph Stiglitz, Paul Samuelson, George Akerlof, Lourdes Benería, Julie Matthaei, Manfred Max-Neef, David Orrell, Paul Gilding, Mathis Wackernagel and the father of ecological economics Herman Daly, among others. Based on ideas that were presented in a special issue of Adbusters entitled "Thought Control in Economics: Beyond the Growth Paradigm / An Activist Toolkit," Meme Wars will help move forward the Occupy Wall Street movement.